33/19 Likala Street, Wishart QLD 4122
33/19 Likala Street, Wishart QLD 4122
2-bed gated townhouse | Mansfield school catchment | 215m² courtyard living | high-$600k to low-$700k trade band | investor and family demand
This townhouse sits in a secure, gated complex within a well-established Wishart pocket, where the Mansfield State School and Mansfield State High School catchments are the primary draw for family buyers seeking lower-maintenance living without leaving a strong school zone. The 2-bed, 2-bath, 1-garage configuration with a private courtyard and 215m² of land is a practical, mid-range format that suits downsizers wanting security and minimal upkeep, as well as investors targeting steady rental interest. Its position near arterial roads and major retail centres like Westfield Garden City adds everyday convenience, while the complex itself appears to offer consistent amenity such as air-conditioning, dishwashers, and built-ins across comparable units. This is not a premium or luxury product, but it is solid, functional townhouse stock in a location where demand is underpinned by school access and transport links, making it a dependable choice for owner-occupiers and investors alike.
The price paid in early 2025 reflects a market where similar two-bedroom townhouses in the same street have traded in the high-$600k to low-$700k range, and rental evidence suggests weekly returns in the low-to-mid $500s for this size. The property’s value may be influenced by its specific internal condition, which is not fully confirmed, and by the age of the complex, which is established rather than new. Proximity to major roads could be a consideration depending on exact siting within the complex, though the gated setting and private outdoor space mitigate some of that exposure. Buyers should weigh the trade-off between a strong school catchment and a modest land footprint, as future price growth may be more tied to location demand than to the townhouse itself.
Detailed Independent Property Report prepared by PropCred Analyst team for 33/19 Likala Street, Wishart QLD 4122
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Wishart is a mature family suburb within Brisbane’s southside, positioned near the Pacific Motorway and Arrive Wishart plaza. Demand is driven by established households and investor interest, supported by family-oriented school catchments and quick turnover. House prices span $1.04m–$1.508m across sources, with 12-month growth of 9.6%–14.9% and annual compounding around 5%–7%. Houses sell in 19–29 days, but annual sales volume is thin at 25–103, underscoring supply constraints. Rents for houses reach $725–$1,000 weekly, with gross yields near 3%. Units trade infrequently, under five to ten sales annually, limiting stock. Future growth is supported by infrastructure access and ongoing developments; risks centre on affordability at the upper price band and rate sensitivity given moderate transaction volumes.
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PropCred Estimated Value
Comparable Sales: 24/19 Likala Street sold around $692.8k; 37/19 Likala Street sold at $360k in 2017 | Property Price Band: $650k–$750k | Value Drivers: school catchment, gated complex security, courtyard layout and condition
Bedrooms
2
Bathroom
2
Parking
1
Land
215m²
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